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Ethereum Classic breaks out of falling wedge that started in NovEthereum Classic broke up bullishly from a falling wedge that started back in November and and a general downtrend since hitting it’s all time high last May at $185. Besides the falling wedge, with a target ironically at $55 (one of the points of most resistance this past year), there is a cup and handle forming that is close to breaking out with a shorter term target right near the 2017 and original 2021 ATH of $44.... Either way this is not a coin to count out once it gets bullish unless BTC dumps. This post is focused on Tecnical Analysis of ETC, I will soon post a detailed fundamental analysis pointing out why the sudden bullish break, exceeding most other altcoin gains and those of BTC+ ETH over the past week. To sum up the fundamentals though, there is a lot of 3rd party development happening that includes ERC-21 standard NFT’s minted on ETC (for super cheap gas fees), a new DEX (HebeSwap) that brought the community from Hebe token to ETC, HebeSwap has an iOS and Android app featuring a multichain wallet, play to earn game, bridges to every major blockchain, Defi/ yield farming for ETC and other coins, and much more. It’s an all in one tool that will grow in useage exponentially once translations are finished for the daily news and the play to earn games. The rest of the app is in English already, and is available in Apple’s App Store right now. Daily transactions have been outpacing Dogecoin, Bitcoin Cash and at peaks Litecoin as well over the past 3-6 months, and it’s still growing. Hash rate is near all time highs showing the network is more secure and faster than ever, and there is a record number of active ETC wallets. Basically the idea that ETC is a dead project or unused network is verifiably false, as now it is one of the fastest growing chains for new development, and the chain itself has a major upgrade coming soon. #Bullish #Long
COINBASE:ETCUSDLong
by BrianVS
1
Ethereum Elliott wave Chart Ready for $10.000/ETH ..?#Ethereum Elliott Wave Analysis:- $ETH currently trading near to $2890 And Recently dumped and tested $2650 level. And it successfully fulfilled Elliott Impulse wave pattern. And Now Elliott Correction wave mode is on working mode. If It followed & worked as per my analysis then we can see $ETHUSD Bottom around $2400-$2650 levels. So this range is very good for accumulate more $ETH in bags. After this we can see Big sharp Upward move in ETH price and we can see $ETH price will be around $8500-$10000 levels by End of the year. Means this Year end can be very bullish for Crypto and Ethereum. I believe my analysis can help you in booking amazing profit. Good luck. Show some love and like, share my Analysis. Major levels to remember Support:- $2521/2372 Resistance:- $3330/$4000 Must follow me for latest crypto real time updates. Thank you.
BITSTAMP:ETHUSDLong
by CryptoPatel
11
Ethereum Classic Forming Pennant Patterns...?Ethereum Classic seems to be Forming Pennant Patterns as seen in 4 hrs time Frame. What is Pennant Patter? A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Long
by Yaba90
Ethereum Blasts up to Relative Highs!!Ethereum has blasted through resistance levels to finally come up for air around $1944, the head of our head and shoulders pattern from several days ago. This is a very bullish sign for Ethereum. We are likely to see some resistance here, and perhaps a consolidation pattern before another breakout. The move seems to be extended and a retracement is likely. Watch for ETH to feel out current levels a bit before another bull run. The Kovach OBV is quite bullish, suggesting its FOMO to enter a long trade at this point, but there is a lot of risk to a short position. The best idea seems to zero in on support levels at $1906, $1872, and $1821 and wait for a dip.
BITSTAMP:ETHUSDLong
by quantguy
1
Ethereum Classic's Turn Is Coming, Falling WedgeEthereum Classic (ETCBTC) peaked Jan. 2020 and is finally hitting support. After correcting almost by 100%, ETHBTC reached the same level it hit back in late October 2019... When this level was hit, a strong bullish wave followed that produced over 240% growth. With this support level now activated, we can expect a similar outcome. Note: This is not a piece of trade advice. This is a good setup and can be traded. A buy order can be set at current prices aiming to hit multiple targets on the way-up. If the market turns and things go wrong, we can set a stop-loss at the last low. Namaste.
Long
by MasterAnanda
3